The selloff could have been triggered by strong US economic data and concerns about tariff policies under President-elect Donald Trump.
Altcoins also suffered losses, with Cardano (ADA), Solana (SOL), and Avalanche (AVAX) leading declines.
Bitcoin's dramatic two-day plunge has rattled the
crypto market, erasing nearly all of its early 2025 gains and sparking a fresh
wave of investor anxiety.
Amid fears of rising inflation, surging bond yields,
and potential US tariff policies under the incoming administration, Bitcoin
fell to a low of $92,900 today (Wednesday), leaving traders debating
its next move.
Fed Policy and Tariff Concerns
The selloff began earlier this week as strong US
economic data caused fears that the Federal Reserve might maintain a hawkish
stance longer than anticipated, CNBC reported.
The 10-year US Treasury yield surged, pressuring risk
assets across the board. Bitcoin, which briefly traded above $102,000 on
Monday, plunged nearly 5% in the daily chart. At the time of publication,
the price was $94, 361, down 2% in the past day.
BTCUSD Price Today, Source: CoinMarketCap
Among altcoins, Cardano's ADA, Solana (SOL), and
Avalanche (AVAX) led losses. Cardano (ADA) currently trades at $0.921,
representing an 8% decline in the past day. SOL, DOGE, and AVAX are down 4%,
5%, and 6%, respectively.
Minutes from the Federal Reserve's recent policy
meeting reportedly highlighted rising concerns about inflationary pressures. Additionally,
uncertainty surrounding President-elect Donald Trump's potential tariff
policies has reportedly added to market jitters.
These factors have traders reevaluating expectations
for 2025, with rate cuts potentially fewer than previously anticipated.
Historically, rate cuts have buoyed Bitcoin prices, while rate hikes have had
the opposite effect. Any signs of delayed cuts could hinder Bitcoin's
upward trajectory, keeping traders on edge.
Long-Term Prospects
Bitcoin's long-term prospects remain tied to broader
adoption, regulatory clarity, and technological innovation. With 2024 marking
significant milestones such as spot ETF approvals and institutional adoption,
investors remain cautiously optimistic about Bitcoin's role in portfolios.
Technically, BTC is facing a downward price momentum.
The cryptocurrency could find support at $91,829. Currently, it trades below the 50-moving average but remains above the 200-moving average.
Bitcoin's Technical Outlook, Source: TradingView
On the daily price chart, the Relative Strength Index is at 44, meaning the price is above the oversold zone and could drop further before the trend changes.
For now, market participants will watch for upcoming
economic data and Trump's inauguration for cues. While uncertainty looms,
Bitcoin's resilience in past downturns offers a glimmer of hope for traders
seeking a rebound.
Bitcoin's dramatic two-day plunge has rattled the
crypto market, erasing nearly all of its early 2025 gains and sparking a fresh
wave of investor anxiety.
Amid fears of rising inflation, surging bond yields,
and potential US tariff policies under the incoming administration, Bitcoin
fell to a low of $92,900 today (Wednesday), leaving traders debating
its next move.
Fed Policy and Tariff Concerns
The selloff began earlier this week as strong US
economic data caused fears that the Federal Reserve might maintain a hawkish
stance longer than anticipated, CNBC reported.
The 10-year US Treasury yield surged, pressuring risk
assets across the board. Bitcoin, which briefly traded above $102,000 on
Monday, plunged nearly 5% in the daily chart. At the time of publication,
the price was $94, 361, down 2% in the past day.
BTCUSD Price Today, Source: CoinMarketCap
Among altcoins, Cardano's ADA, Solana (SOL), and
Avalanche (AVAX) led losses. Cardano (ADA) currently trades at $0.921,
representing an 8% decline in the past day. SOL, DOGE, and AVAX are down 4%,
5%, and 6%, respectively.
Minutes from the Federal Reserve's recent policy
meeting reportedly highlighted rising concerns about inflationary pressures. Additionally,
uncertainty surrounding President-elect Donald Trump's potential tariff
policies has reportedly added to market jitters.
These factors have traders reevaluating expectations
for 2025, with rate cuts potentially fewer than previously anticipated.
Historically, rate cuts have buoyed Bitcoin prices, while rate hikes have had
the opposite effect. Any signs of delayed cuts could hinder Bitcoin's
upward trajectory, keeping traders on edge.
Long-Term Prospects
Bitcoin's long-term prospects remain tied to broader
adoption, regulatory clarity, and technological innovation. With 2024 marking
significant milestones such as spot ETF approvals and institutional adoption,
investors remain cautiously optimistic about Bitcoin's role in portfolios.
Technically, BTC is facing a downward price momentum.
The cryptocurrency could find support at $91,829. Currently, it trades below the 50-moving average but remains above the 200-moving average.
Bitcoin's Technical Outlook, Source: TradingView
On the daily price chart, the Relative Strength Index is at 44, meaning the price is above the oversold zone and could drop further before the trend changes.
For now, market participants will watch for upcoming
economic data and Trump's inauguration for cues. While uncertainty looms,
Bitcoin's resilience in past downturns offers a glimmer of hope for traders
seeking a rebound.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
Clarity Without Complacency: Why the SEC-CFTC Framework Is a Start, Not a Finish Line
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
